FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Transcribed Image Text:For the year ending December 31. 2022, Sheridan Inc. reports net income S147,000 and cash dividends $88,500.
Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was
$223,500.
Balance in retained earnings
%24
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